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american, the fiscal cliff. we reach that cliff you can the brink in just two days. about two hours ago, negotiators hit two major snags, one over social security and the other over tax hikes, who should get them. bring in contributor nor "newsweek" and the daily beast and cnn contributor, john avlon, for his opinion on what is happening in washington. how significant is it that we are a half a day or day and a half, i guess, away from this cliff and there's no agreement? >> it's hugely significant. the countdown is on. the clock is ticking, literally, to the fiscal cliff. and as others have noted today, we have known about this cliff for 500 days. this is the world's most anticipatable political and economic problem. congress set this time bomb, now they are scrambling to defuse it before it goes off and threatens to take our economic recovery as a country and kick us back into recession. the fact this is happening in last-minute negotiations and great knew as dana bash reported that joe biden and mitch mcconnell seem to be backchanneling and got a constructive relationship in the past
to avoid the most immediate economic impacts of the fiscal cliff. with 15 hours to go and counting, members of congress are disgusted and embarrassed. >> when the future of the country, you know, rests in the hands of 70 and 80-year-olds who have jet lag, it's probably not the best thing. >> something has done terribly wrong when the biggest threat to our american economy is our american congress. >> the senate will reconvene at 11:00 this morning, but after a day of public gamesmanship and little obvious progress behind the scenes on sunday. >> there's still significant distance between the two sides, but negotiations continue. >> i want everyone to know i'm willing to get this done, but i need a dance partner. >> mitch mcconnell called on vice president joe biden to be that dance partner. biden has brokered 11th-hour deals with the republican leader in the past. mcconnell's appeal came just hours after the president appeared on "meet the press" and called out republican leaders by name. >> congress has not been able to get this stuff done, not because democrats in congress don't want to g
. a traditionally quiet week could become hellish for traders. as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p 500 climbed 13. the nasdaq has jumped 16%. >>> reports are due this week on pending home sales. sales of new homes and a look at home prices in the nation's 20 largest cities. >>> are you still not sure what to get for the person who has everything? new retail numbers show footwear was the fifth most popular gift on shoppers' lists on black friday. a year ago, shoes didn't even make it into the top ten gifts for the season. >>> good news for hollywood. attendance by moviegoers is up more than 5.5% so far this year. ticket revenue is projected to jump by 6%
regarding the fiscal cliff, but it's low volumes here as we enter the last hour or so of trading. back to you. >> we also have some news to bring you, broken last night. i expect john harwood talked about it on the special that we did last night. secretary of state hillary clinton is in a new york hospital this morning being treated from a blood clt clot resulting from a concussion you suffered earlier this month. she had been expected to return to work this week. >>> coming up, deal or no deal? we're going to look beyond the fiscal cliff and what it will mean for the markets. we have jim o'neill. he's going to join us to talk about whether he is bullish for the start of 2013 and how much the fiscal cliff is playing into his outlook. >>> welcome back to "squawk box" this morning. take a look at futures for the day, the s&p is up a little over 7 points as we await to see what happens with the fiscal cliff. >> it is the last trading day of the year. how will the global marketses react to our domestic drama? calling in right now on the squawk news line is jim o'neill. it's great to be spe
. as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p 500 climbed 13. the nasdaq has jumped 16%. >>> reports are due this week on pending home sales. sales of new homes and a look at home prices in the nation's 20 largest cities. >>> are you still not sure what to get for the person who has everything? new retail numbers show footwear was the fifth most popular gift on shoppers' lists on black friday. a year ago, shoes didn't even make it into the top ten gifts for the season. >>> good news for hollywood. attendance by moviegoers is up more than 5.5% so far this year. ticket revenue is projected to jump by 6% by the end of 2012 which would be the industry's biggest year
a deal before the fiscal cliff. >> if we go over the fiscal cliff, maryland could be impacted in a big way. >> we are tracking one problem along liberty roadews today at 5:00 a.m. 5:00 a.m. >> [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- yeaouthe ra wre wching -t e live, breaki this is 11 news today at 5:00 a.m. >>that game will be on- is>>and it i'm mindy basara. >> and i'm stan stovall. thanks for joining us for 11 news today. >> we will have more coming up in sports. i'm mindy basara. >> and i'm stan stovall. thanks for joining us for 11 news today. >> we will have more coming up in sports. it is another cold start to the anksweek.or joining us for 11 news today. >> we will have more coming up in sports. it is another cold start to the week. >> good morning. welcome back. we will have less win today. --
're looking at a deadline that's 16 hours away, the country risked going over what he called a fiscal cliff. since the president's re-election, he and republicans have traded offers and counteroffers, finding little common ground on tax increases and cuts from entitlements. president obama and speaker boehner met one on one. nothing happened. the speaker offered plan "b," never got enough support within his own party. here we are all over again. do we have tom coburn? joining us now from capitol hill, republican senator from oklahoma, senator tom coburn. senator, thanks for being with us. >> you're welcome. >> so, why, first of all, does this deadline tonight matter? and i heard you make comments yesterday out on the streets of washington to a reporter that you think we're going to go over the cliff? >> i do. >> okay. >> i do. let me take issue with a couple of things you said. >> okay. >> number one is we haven't cut the first penny yet from the federal government, and it's important people know that. what happened in that agreement is $1 trillion in increased expenditures didn't happen. >
about the fiscal cliff lately. how will it actually affect you? what happens to your taxes if we go off the cliff? according to the tax policy center if you're sing well no children and make $50,000 a year you will see your taxes go up by $1,500 if no deal is reached. married couple with two kids making $100,000 would see their taxes go up a whopping $5,300 per year. taxes will go up the same amount underneath the democratic and republican plans if no deal is reached. just one day after the christmas holiday, president obama is packing his bags, heading back to washington to try to forge a deal on the fiscal cliff, with just six days left to negotiate, a deal to avoid the catastrophic cliff, the president will leave hawaii tonight to try to work on a bargain between democrats and republicans. brianna keilar is traveling with the president in hawaii and joins us now. good morning, brianna. did the president cut his vacation short or was it planned all along? >> reporter: he did cut his vacation short from what was initially planned which was to go through the new year, so yes, he cut it
. the movie is just great. >>> coming up, days away from going over the so-called "fiscal cliff." what the president is doing to try to reach an 11th hour deal. >>> it's the day after christmas which means a milestone for retailers and gift returners. we'll tell you how early some stores in the bay area open when we return on cbs 5. ,,,, dozens of tornadoes spottedn the south.. today, residents are getting their >> your realtime captioner: linda marie macdonald. >>> we came out and we saw this, what did you think? >> thank god i'm alive. >> dozens of tornadoes spotted in the south. today residents getting a first look at the damage. >> and we're going to have on- and-off rain showers throughout the morning into the afternoon. when will the wet weather end? we'll let you know coming up. in the meantime, it's also causing some slick conditions even flooding out in sonoma county. traffic and weather together every 10 minutes. >>> good morning, everyone. it's wednesday, december 26. i'm michelle griego. >> i'm brian hackney. frank is off today. thanks for coming to cbs 5. >>> much of the
. >>> about 12 1/2 hours and counting now until we could fall off the so-called fiscal cliff. the house and senate are both in session. there are reports of progress in reaching a deal there. here is senator majority leader harry reid in just the past half hour. >> there are a number of issues on which the two sides are still apart and negotiations are continuing as i speak. whether or not we reach an agreement in the short time we have left we'll need cooperation on both sides to prevent taxes going up tomorrow for every family in america. >> joining me live right now is democratic congressman steve israel of new york, who is chairman of the democratic congressional campaign committee. a lot happening there, congressman. thanks for speaking with us. just to get some details we just got handed to us from kelly o'donnell, that is that in the latest deal in terms of the details, the taxes that are being discussed, regardless of the rate for a moment, they would be permanent and would not have a sunset provision. again, the progress is that they have come up with some understanding of an i
await the outcome of the fiscal cliff negotiations. on the positive side you won be seeing $8 a gallon for milk because congress gave a one year extension for the farm bill. those who love your 75 watt light bulbs stock up while supplies last. new federal laws prohibit them to be import order produced in 2013. the tribune company announced it's emerging from bankruptcy with new ownership and new board of directors and forbes has compiled a list of new york's resolution that successful people make and actually keep. among them plan vacations now. wake up to the essentials first, check e-mail second. support a cause. find your purpose and go for it. go for it. new year's day marks the 150th anniversary of emancipation proclamation. the document is once again on display. ron mott has details. >> reporter: showing its age the emancipation proclamation still draws attention. >> it's amazing to see abraham lincoln's signature. >> reporter: today the frail order consigned to history on january 1st, 1863 by abraham lincoln is again on public display. showtime just a few days every year. >> ver
back from the edge of the fiscal cliff. and welcome to a brand new hour of "america live," i'm heather childers. gregg: and i'm gregg jarrett, megyn is off today. senate lawmakers also cutting short their holiday break. the real sticking point is in all of this has been the president's proposed tax hike. both sides suggesting a cooling-off period was necessary before getting back to business, but the word from both democrats and republicans today, nothing has changed. chief white house correspondent ed henry is in beautiful honolulu. aloha, ed. [laughter] >> reporter: aloha. [laughter] well, it's interesting pause you say the sticking point -- because you say the sticking point is taxes going up, which is true, but the other big one will be spending cuts because the latest offer, we've been through plan a which was that $4 trillion debt deal, plan b which fell apart on speaker john boehner last week, now we're basically on plan c which president obama says would be dealing with short-term issues like two million people who are losingen employment benefits in a week, dealing with the ta
cliff. it is a brand new hour of "america's newsroom," hello, everyone, i'm patti ann brown. gregg: and i'm gregg jarrett. lawmakers are -- republican lawmakers are returning to washington, d.c., and they are trying to negotiate something, anything with the house. both sides saying that a few days to cool off over the holiday might be helpful, but there are no signs they're closer to a deal. patti ann: chief white house correspondent ed henry joining us now live in honolulu, hawaii. so, ed, what is the latest? any progress to tell us about? >> reporter: or well, patti ann, really no progress. as gregg was saying, a lot of people thought, well, a cooling-off period, the holidays, maybe this'll get everybody to work together, the president even joking last week about figuring out a way to move all of this forward, but we've been told by white house officials there have been no real phone calls between the president and speaker boehner over the last few days, very little staff contact. so the bottom line is the president is leaving hawaii here tonight, as you suggested, just to try an
parents expressing appreciation for the useful information. >> new information on the fiscal cliff talks in washington. united states senate convened about an hour ago. this is a live picture of oregon democratic senator ron wyden on the floor discussing the deadline. we have learned that the president called the democratic majority lead, minority leader and house speaker and senate minority leader. now coming up at 8:15 the fiscal cliff negotiations and the effort to prevent one of the largest tax increases and budget cuts in united states history. >> we are still watching the accident in napa. >> we have a lot of traffic around fifth street near downtown. the westbound lane blocked due to a two car crash. a woman was trapped inside of her car. we will take a look at the bay bridge. you can see traffic flowing nicely. 880 near the oakland coliseum we have traffic gluing well in both directions. no delays to report. in the south bay 280 at 880 split those headlines northbound traffic toward santa claire a. >> hi. we are -- taking a live look outside. showing you cloud coast mostly clo
over the fiscal cliff. we are going either all the way over or going partly over, but we are definitely, definitely going over. that whole fiscal cliff thing, where congress and the white house can't reach a deal on taxes and spending before the end of the year and they maybe get us into a recession, it's definitely happening. that was the whole point of president obama's press conference this afternoon. >> i still want to get this done. it's the right thing to do for our families, for our businesses, and for our entire economy. but the hour for immediate action is here. it is now. >> allow me a quick update here. that press conference, it came after president obama met with john boehner and nancy pelosi and harry reid and mitch mcconnell, so all the key congressional leaders. and listen to the president here. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable. why everything always has to wait until
, just five days ahead of the fiscal cliff, which includes an across the board tax hike that congress has tried but failed to undo. cnn's dana bash is with us from washington, our senior congressional correspondent. we spoke last hour. you told us that hour speaker john boehner was to convene this conference call to decide whether or not to call the house back into session. we know the senate is supposed to convene, but nothing can, of course, take place until the house is in session as well. do we know the results of that conference call? will boehner reconvene the house? >> reporter: i'm told by a source familiar with the call, which just happened within last hour, as you said, that no decision was made on the schedule or timing for the house. as we talked about an hour ago, the leaders in the house have promised the members that they won't be called back without 48 hours notice. so at this point it is wednesday afternoon, they won't even be back, the earliest, until a saturday, if they haven't made a decision today. but, of course, it is true, basic civics tells us all this, that nothi
will the fiscal cliff drama play out? we'll take a fair and balanced cliff look at all the different scenarios that could happen. that is coming up later in the hour. join us. kelly: former president george h.w. bush in the hospital this christmas as he recovers from a severe cough and fever. doctors admitted him last month out of abundance of caution because of his age. the former president is 88 years old now and he has had some health issues over the years. mr. bush suffering from parkinson's disease. that's why you often see him using a motorized wheelchair or scooter. he also takes medication for an irregular heartbeat and suffers from a mild form of grave's disease, which is a thyroid condition the former president had surgeries to replace both hips. his most recent operation was in 2007. jamie: we send our best wishes to the entire family. kelly: we do. jamie: a new tribute to the victims of the sandy hook school shooting. we can't do enough to let them know we care. a community far from connecticut got together to honor those killed. that story is on its way ♪ kelly: britain's royal
of snow wind gusts up to 40 miles per hour and a huge travel headache for the next two days, at least. >> especially at this time of year. thank you so much. we turn now to political turbulence, and the fiscal cliff gets closer. congress now has six days to make a deal. they'll be back on capitol hill tomorrow, and chip reid is in washington. >> president obama will be arriving in washington tomorrow and both houses of congress will be back in session tomorrow. that will give them just five days to put together a deal to avoid the massive automatic tax hikes and spending cuts known as the fiscal cliff. >> president obama spent christmas day visiting with troops in hawaii. >> while back in washington uncertainty about the looming fiscal cliff continues. there has been to communication between republicans and democrats about how to avoid going over the cliff. before the christmas break, speaker john boehner was unable to get enough support from respects to pass his plan and help said it was up to the white house and the senate to avert the cliff. so now harry reid i
to deal with the fiscal cliff issue. we need leadership. we need the president's leadership. we need leadership by republicans and democrats. we need the house and senate. and while i say i'm willing to -- to -- that i want an agreement, i would also say that i'm willing to appreciate the fact that i will not get everything that i might want in an agreement. but the consequences of our failure seem to me to be so significant that we ought to find common ground. i understand we might reach an agreement that deals with a portion of the so-called fiscal cliff and i want to point out that we're only really talking these days about the tax consequences of the fiscal cli cliff. i don't know exactly how fiscal cliff came into existence, that phrase. i don't know where those words came from. i don't know exactly what they mean. i think they probably mean different things to different people. but it seems to me that the fiscal cliff that we face is based upon sequestration, this plan that was put in place by the budget control act that would reduce spending by $1.2 trillion, both defense and
see movement before then. >> now would be a very good time to assess the impact of the fiscal cliff on your 401(k). despite the fact that leaders are meeting this afternoon. the dow, nasdaq, and s & p futures all pointing lower this hour. investigators have no stomach for this high-stakes game of chicken played on capitol hill. look at yesterday's chart for the dow. the index taking a big dive at the open with investors finding little hope for a fiscal cliff come on misz. when word came out that the two sides were meeting, the dow rebounded to positive territory. expect another day like that today. we'll talk with debbie stabenow. >>> he was the most popular american general since world war ii. tributes from around the world are pouring in for stormin norman schwarzkopf. he crushed the iraqi military in the 1999 gulf war and liberated kuwait. he may have been the perfect front man for a war that played out live in your living room. barbara starr live with more. barb rar? >> president obama remembers general is schwarzkopf as an american original. he accomplished something on the bat
cuts and tax hikes if congress and the white house cannot reach a deal on the fiscal cliff. lawmakers and the president left washington for christmas break and are expected back in town in washington before the end of the week. >>> call it terrible timing, netflix is apologizing for its christmas eve outage. the popular streaming service sent out a tweet last night saying that engineers were working to fix the problem. according to the "wall street journal", netflix blames the outage on technical problems at amazon.com which delivers internet service for many websites. >>> russia's biggest christmas tree on display in the kremlin's cathedral square in moscow. they decorated the tree with a patriotic theme symbolizing the russian flag. many russians are eastern orthodox christians and celebrate christmas on jeanne 7 january 7th. >>> and nothing says christmas like a tree. jeanne moos explain. >> reporter: maybe if this homeowner had measured better his christmas tree wouldn't have burst through the roof. >> that's crazy. >> reporter: what's crazy is how crazy everyone is about this chr
'll talk with a congresswoman who made it happen. the fiscal cliff looming larger. enough insight into how a deal blew up and then there is the story of the woman who was fired because her boss thought she was irresistible. all that top of the hour. see you then . . start ♪ ♪ . >> rick: if you make another one of shows video, i want to be part of it. he has opened up for country music stars likes dierks bentley and blake shelton and the shopping you heard "shine," propelled him to the top of the charts. now he's spreading holiday cheer with a song called "our christmas." looks like an amazing time in the video. >> it is an amazing time. it's great. >> rick: tell me about the song you're going to perform for us. >> it's a little christmas diddy it make you feel good. it's christmas eve today. it makes you feel good about you you and your lady friend if you have one. >> rick: that's what we need. there you go. why don't you guys play for us right now. >> all right. ♪ string up the lights baby ♪ break out the cheer ♪ jingle bells jingle well it's that time of year ♪ ♪ here we ar
Search Results 0 to 24 of about 25 (some duplicates have been removed)